Sherpa Property Group has unveiled the third instalment of its Flourish series, securing full approval for the two-tower, $500 million Flourish Soleira development in Palm Beach.

<a href="https://www.apartments.com.au/new-apartments/flourish-soleira-1150-1154-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> will rise from a prominent site in the commercial heart of Palm Beach, the long-time home of Cash Converters and a range of local retailers.

The project will introduce a new retail and dining precinct at ground level, beneath 286 apartments.

[smartcode_project:default project_id=150017 project_image_fid=370959]

“We’re very committed to not only providing affordable residential offerings that are much needed in Palm Beach, but also delivering a vibrant new commercial heart that complements the extraordinary growth of the southern Gold Coast,” Sherpa Property Group founder Christie Leet said.

The development will sit under Sherpa's Flourish brand, which is aimed at providing a pathway into the beachside suburb for locals, first-home buyers and downsizers. In a move designed to assist first-home buyers entering the market, Sherpa has reserved all one and two-bedroom, one-bathroom apartments exclusively for eligible first-home buyers.

[smartcode_project:default project_id=150017 project_image_fid=370964]

“Our vision through Flourish is to create a vibrant retail and lifestyle focal point within the Palm Beach centre zone, delivering thriving communities underpinned by lifestyle-rich locations,” Leet said.

“So far, Flourish has been an incredible success, and we hope to carry this momentum as we progress the next two Flourish projects in Palm Beach.”

[smartcode_project:default project_id=150017 project_image_fid=371430]

Located across 1150-1164 Gold Coast Highway and 3 Sixth Avenue, the development will comprise two towers. The northern tower will deliver 154 apartments, while the southern tower will add a further 132 residences, helping address ongoing demand for new apartments in the tightly held coastal suburb.

Flourish Soleira will also feature the most extensive rooftop amenity offering ever delivered in Palm Beach.

The two towers will be connected by a skybridge, with residents gaining access to a rooftop recreation deck featuring a full-width swimming pool, hot and cold plunge pools, wellness spaces, a gymnasium, private dining facilities, massage treatment rooms, barbecue areas, a basketball court, golf simulator, indoor and outdoor dining spaces, sun lounges and extensive landscaping.

LPS Group is expected to start construction later this year.

Sherpa is already well advanced on construction of its debut Flourish project, Flourish Amargo, located just around the corner from Soleira. Meanwhile, Flourish Oasis, positioned opposite Amargo, recently commenced construction and has nearly sold out its collection of 47 apartments.

[smartcode_project_cta:default project_id=150017]

Joel Robinson

Sherpa unveils $500m mixed-use Palm Beach precinct, Flourish Soleira

Are mortgage holders set to get a reprieve from the RBA in 2026?

Big Four bank NAB believes so. They are now expecting the next move from the RBA to be a cut, rather than a hike, which they had pencilled in for August. They are unsure of the timing of the cut however, they note in their latest&nbsp;NAB Economics RBA Watch.

NAB Chief Economist, Dr Sally Auld, said recent data suggests the economy has lost momentum and the outlook for rates has shifted, noting that the broader economic backdrop has changed since earlier in the year.

“The next move in the cash rate is likely to be down, but the timing is uncertain," Dr Auld said.

"In February, growth was above trend, the economy was operating above capacity and there was uncertainty over the restrictiveness of rates. None of these conditions exist today,” she outlined.

Dr Auld said recent data pointed to softer momentum across the economy while acknowledging that at the same time, uncertainty remains a key feature of the outlook.

“Both Q1 GDP data and the NAB business survey suggest momentum in the economy has slowed, meaning that growth has likely peaked for the cycle. That said, we are cognisant there is still considerable uncertainty around the outlook, both with respect to activity and inflation.”

Dr Auld said inflation risks and labour market outcomes would be important to watch.

“On the prices side, we are still forecasting above target core inflation through to mid-2027. Margins will compress and weaker labour market outcomes are a risk.”

She said tighter financial conditions are expected to weigh on housing and activity.

“Tighter financial conditions will be reflected in a slowing in house price growth and housing credit growth. In summary, we have greater conviction that the next move in rates is down, but less conviction on the timing.”

Mortgage relief? NAB forecasts RBA rate cut, not hike, after softer economic conditions

A local downsizer has splashed $6.5 million on a penthouse in Perifa's Alex &amp; Willow development in Crows Nest. 
&nbsp; 
The purchaser sold their long-held family home in the area before embarking on a six-month search for the right apartment. After inspecting a range of options across the Lower North Shore, the buyer returned to <a href="https://www.apartments.com.au/new-apartments/alex-willow-crows-nest-82-90-alexander-street-crows-nest-nsw-2065">Alex &amp; Willow</a>. 
&nbsp; 
The buyer profile reflects the project’s broader purchaser mix. <a>Alex &amp; Willow</a> has attracted predominantly local downsizers looking to transition from larger homes without compromising on space or quality, alongside a smaller cohort of upsizers and investors drawn to the project’s location and design credentials. 
&nbsp; 
The milestone sale comes as the project, developed by&nbsp;<a href="https://www.apartments.com.au/developers/perifa">Perifa</a>&nbsp;and delivered by <a href="https://www.apartments.com.au/builders/versatile-made-construction">Versatile Construction</a>, both part of Versatile Group, reaches 60 per cent sold.

[smartcode_project:default project_id=6680 project_image_fid=371325] 
&nbsp; 
Eddie Mansour, Managing Partner of <a href="https://www.apartments.com.au/project-marketer/ray-white-projects">Ray White Projects</a>, said the result demonstrates not only a headline price but also depth of demand. 
&nbsp; 
“This is an exceptional outcome and a clear reflection of sustained buyer demand for premium, well-located downsizer product,” Mansour said.

“We’re seeing a consistent pattern of local homeowners selling family residences and reinvesting into high-quality apartments that allow them to remain within their community. Alex &amp; Willow has resonated strongly with this group because it offers genuine scale, thoughtful design and immediate proximity to the village.” 
&nbsp; 
The sale reflects a broader and consistent trend of local downsizers actively seeking high-quality, low-maintenance residences close to established village centres. Agents report that demand for this product type has remained resilient, particularly where developments offer a rare combination of scale, design quality and walkable amenity. 
&nbsp;&nbsp; 
Fabrizio Perilli, Managing Director of Perifa and Versatile Group, said the sale marks a defining moment for the project. 
&nbsp; 
“The penthouse sale is a strong endorsement of the quality we have delivered, alongside our partners, and the clear demand from local downsizers for premium, boutique residences in this location,” Perilli said.&nbsp; 
&nbsp; 
“Most importantly, we’re proud to see the Alex &amp; Willow community beginning to take shape. As we move closer to completion, we’re looking forward to welcoming residents and seeing the project come to life.”&nbsp;

[smartcode_project:default project_id=6680 project_image_fid=338516] 
&nbsp; 
Designed by <a href="https://www.apartments.com.au/architects/nettletontribe">Nettleton Tribe</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/richards-stanisich">Richards Stanisich</a>, Alex &amp; Willow is a boutique collection of generously sized two- and three-bedroom residences in the heart of Crows Nest village.&nbsp;

Completion is slated for early 2027.

[smartcode_project_cta:default project_id=6680]

Alex & Willow, Crows Nest penthouse sells off the plan for $6.5 million

Fresh from launching the first stage of its Wollongong precinct, <a href="https://www.apartments.com.au/new-apartments/keira-place-wollongong-120-122-smith-street-wollongong-nsw-2500">Keira Place</a>, builder-developer Urban Property Group has unveiled plans for the next phase of the masterplanned community.

Now on public exhibition through the NSW Government's Housing Delivery Authority pathway is a State Significant Development Application for a further 657 homes on the prominent gateway site opposite Beaton Park.

The proposal comprises three buildings, including two build-to-sell towers rising 25 and 30 storeys, delivering 391 apartments, alongside a 12-storey co-living building with 266 residences, making it one of the largest co-living proposals currently planned in regional New South Wales.

Of the apartments proposed in the build-to-sell towers, the majority, 310, are two-bedroom dwellings. The balance comprises 44 one-bedroom apartments and 37 three-bedroom residences. Apartment sizes range from around 50 sqm for one-bedroom homes to approximately 90 sqm for three-bedroom apartments.

<img alt="Smith St" data-entity-type="file" data-entity-uuid="19347059-1612-41a0-9c74-b86a657237f8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%2010.02.18%E2%80%AFAM.png?VersionId=sWXnaCcA.cIC6N8YT1dg5pJ2e1V3Z6z7" />

The submission says the proposal has evolved significantly from its original Housing Delivery Authority application following extensive consultation with the State Design Review Panel and Wollongong City Council.

The final scheme has been designed to align with the emerging vision for the Flinders Street Precinct, an area identified by Council as a future high-density mixed-use neighbourhood capable of accommodating substantial housing growth close to transport, employment and community infrastructure.

According to the design report prepared by COX Architecture, the development aims to "deliver a built outcome consistent with the future character of the Wollongong CBD while responding to the site's unique constraints and opportunities."

"Our vision for the next phase of the site evolution in Wollongong is grounded in three design pillars that guide the design response: place, natural environment and celebration," COX said.

"Inspired by its surroundings and grounded in the stories of place on Wodi Wodi Country, the design proposal acknowledges the established character of its setting while creating a unique and timeless identity that sits harmoniously within it.

"The design proposal responds to its specific site conditions, acknowledging the vegetation, climate, wind conditions and solar access of the site."

The architecture responds directly to the site's position between Wollongong's urban core and its natural landscape setting.

COX identified views towards Mount Keira and the Illawarra Escarpment as defining features of the site, while the upper levels of the towers will also capture expansive views across the city and out to the Pacific Ocean.

The design team has positioned the tallest buildings closer to the rail corridor, where overshadowing impacts can be better managed while establishing a landmark built form on the northern approach into the city.

<img alt="Smith St" data-entity-type="file" data-entity-uuid="79580d5b-500c-4ebf-9629-797146a4a694" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%209.51.59%E2%80%AFAM.png?VersionId=WbTB1EKSG.KDfsfz0F3wp1QVa2oCMGR5" />

Urban Property Group secured the 11,000 sqm Smith Street site in 2022 and has since progressed plans for the broader Keira Place precinct.

Construction recently commenced on the first stage of Keira Place, which will deliver 150 apartments across two residential buildings, including 27 affordable housing apartments and 18 specialist disability accommodation dwellings, alongside activated ground-floor retail and commercial space.

Urban Co-CEO Patrick Elias said the commencement of construction marked a significant milestone for Wollongong and reflected the developer's long-term commitment to regional cities.

"Today's groundbreaking is about turning approvals into homes and moving quickly to deliver much-needed housing in Wollongong's city centre," Elias said.

"Keira Place will provide a diverse mix of homes close to jobs, transport and services, while setting a high benchmark for quality, durability and consumer protection."

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/groundbreaking-marks-start-of-construction-at-keira-place-in-wollongong-cbd">Groundbreaking marks start of construction at Keira Place in Wollongong CBD</a>

&nbsp;

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Urban Property Group unveils trio of towers for next stage of new Wollongong precinct, Keira Place

Central Element is seeking approval for a significant residential redevelopment in Lavender Bay, lodging plans for a dual-tower apartment project that would deliver 163 new homes on a prominent site at the northern gateway to Milsons Point.

The Sydney-based builder-developer has lodged a concurrent rezoning proposal and State Significant Development Application for <a href="https://www.apartments.com.au/new-apartments/64-66-lavender-street-lavender-bay-nsw-2060">64-66 Lavender Street and 3-7 Middlemiss Street</a>, a 2,305 sqm amalgamated site currently occupied by a collection of ageing residential flat buildings.

Designed by SJB, the proposal would replace the existing 32 apartments with two residential towers rising 23 and 32 storeys, comprising 163 apartments including affordable housing managed by a community housing provider. The project forms part of the NSW Government's Housing Delivery Authority program and has been progressing through a fast-tracked state planning pathway since being endorsed for further assessment in 2025.

The proposal is one of the most significant redevelopment opportunities currently under consideration on Sydney's lower north shore, sitting between the high-density towers of Milsons Point and the lower-scale heritage fabric of Lavender Bay.

<img alt="Lavender Bay" data-entity-type="file" data-entity-uuid="93ecf0ee-487d-4292-afc4-0bc9579475d6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%209.30.48%E2%80%AFAM.png?VersionId=PunU2ipMaTxiJcJ8NdMyUlWA7d98eNUb" />

The planning proposal seeks a substantial uplift from the current 12 metre height limit, which would only allow for a four-storey building, however the submission argues a scheme within these limits would not be&nbsp;economically feasible given the complexity of site amalgamation and would fail to maximise housing delivery on land located within walking distance of major transport infrastructure.

SJB said the design evolved significantly following discussions with the Department of Planning, Housing and Infrastructure and independent design review processes.&nbsp;Rather than pursuing a single larger tower, the architects adopted a two-tower approach aimed at reducing perceived bulk, preserving view corridors and creating greater permeability at ground level.

The northern tower would rise 23 storeys and contain 81 apartments, while the southern tower would reach 32 storeys and accommodate 82 apartments. Five basement levels would provide 174 car spaces, 181 bicycle spaces and 10 motorcycle spaces.

"The proposal for 3–7 Middlemiss Street and 64–66 Lavender Street is driven by a clear ambition to complete the Middlemiss Peninsula, delivering the final piece of a carefully evolving urban precinct," SJB noted in its design report.

"Positioned at the threshold between Lavender Bay and the North Sydney CBD, the development is envisioned as a unifying element—one that completes the skyline composition while providing a considered and harmonious transition between the peninsula’s established character and the intensity of the CBD beyond.

"Collectively, the development aspires to create a landmark that is generous, inclusive, and deeply connected to its setting, one that enhances the skyline, strengthens the public realm, and contributes to a more equitable and sustainable urban future."

Communal spaces would be distributed across multiple levels, including landscaped podium gardens, swimming pool facilities, barbecue areas and rooftop-style retreat spaces designed for residents. The proposal delivers more than 1,500 sqm of communal open space and nearly 400 sqm of indoor communal facilities.

<img alt="Central Element" data-entity-type="file" data-entity-uuid="0671c276-6dd8-4cfc-97b0-134a45d2c8cf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%209.30.17%E2%80%AFAM.png?VersionId=90D7lRaCTMTsFx92tIBrHlZcuaV_a4cw" />

A major focus of the planning assessment has been the project's relationship with surrounding public open spaces.

Clark Park, Bradfield Park and Wendy Whiteley's Secret Garden are among the lower north shore's most valued public landscapes, and overshadowing impacts have been closely examined through the design process. Central Element is proposing to also create a new public plaza and pocket park as part of the development.

Central Element has been developing across Sydney since 2010.

They have recently completed their Chatswood tower, Ethos Chatswood, as well as their luxury redevelopment of Coogee's landmark Ballamac House. They are currently selling Pearl Bondi, just seven high-end homes, while future plans include a tower on Hyde Park, and a boutique project in Neutral Bay.

First look: Central Element reveals Lavender Bay apartment plans

Pilbara

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Property and construction group Pindan has secured a new contract to undertake works on a US$2.6 billion Iron Bridge Magnetite Project (Project) in Western Australia’s Pilbara region.
The work is being carried out for Fortescue Metals Group Ltd (Fortescue) subsidiary FMG Magnetite Pty Ltd and joint venture partner Formosa Steel IB Pty Ltd.
Pindan has been engaged to design, supply and install a number of office buildings, as well as delivering associated infrastructure, required at Fortescue’s Herb Elliot Port facility in Port Hedland as part of the overall development of the new magnetite ore processing facility, which lies 145 kilometers south of Port Hedland.
Tony Gerber, managing director Pindan Build, said the group was pleased it could build on its presence in the Pilbara with the awarding of the $3.4 million contract.
“We’ll be handling the delivery of office and meeting buildings, a crib building, permit office and electrical technician’s office, amongst others, within active areas of the Port,” he said.
“Our teams will be on-site for about nine weeks, with works due to be finished in October this year.
“We’re excited about this win and look forward to further contributing to this important WA project as it unfolds over the next two years.” 
Fortescue’s Iron Bridge Magnetite Project – reportedly set to create approximately 3,000 jobs during construction and 900 full-time operational positions – will deliver a 67% Fe magnetite concentrate product with the first ore on ship scheduled for mid-2022.
 
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j.ballantyne1990-6AQqhLzZaK

Pindan secures $2.6 billion Iron Bridge contract in Pilbara region 

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The Tambrey Tavern in Karratha in the Pilbara region, one of the north west’s largest pub and retail liquor outlets, has been re-listed given growing market confidence.
It joins Pilbara's historic Carnarvon Tavern <a href="/expert-insights/investing/pilbaras-historic-carnarvon-tavern-hits-the-market">on the market</a>.
The tavern was once owned by former Federal Minister Wilson Tuckey and is alle where he allegedly earned the nickname 'Iron Bar'.
The Tambrey Tavern in Nickol, which generated in excess of $13 million in annual turnover last financial year, has been listed by CBRE Hotels’ Ryan McGinnity and Chloe Mason on behalf of McGrathNicol and the receivers and managers appointed.  
They are offering The Tambrey, which comprises a tavern, bistro and function centre, and an adjoining 850 sqm bottle shop, on a walk in walk out basis.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/9/4/Tambrey%20Karratha%202.jpg" alt="">
 
The pub turns over around $350,000 a month and the bottle shop over $700,000.
Ryan McGinnity said that uncertainty surrounding Liquor Licence restrictions at the time of a 2017 campaign meant Pilbara operators were facing an uncertain trading future. 
These included proposed blanket reforms for the Pilbara that would stop packaged liquor sales on Sundays and place a limit on takeaway alcohol sales at all other times.
“As the proposed restrictions are now ceased within certain venues and localities, liquor owners and operators are able to confidently invest in Northwest towns such as Karratha,” McGinnity noted.  
 
Chloe Mason added that the well-known venue’s trading and future growth would be underpinned by the region’s permanent population, over 23,000, and its increasing FIFO workforce. 
“The recent announcements around the Perdaman Chemicals and Fertilisers ammonia/urea plant in Karratha and the second stage of Chevron’s Gorgon project, which have a combined development spend in excess of $10 billion, are set to bring thousands of new jobs to the Karratha area,” Ms Mason said. 
 
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jrobinson-rf4aSBido9

The Tambrey Tavern in Karratha re-listed as market confidence grows

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The Carnarvon Tavern in Western Australia's Pilbara has been listed for sale.
The 2,135 sqm property at 12 Camel Lane in the Gascoyne Pilbara Region, some 900 kilometres north of Perth, was once owned by former Federal Minister Wilson Tuckey.
It's where Tuckey allegedly earned the nickname 'Iron Bar.'
It is being sold under the instructions of PPB Advisory's Simon Theobald as liquidator of Symlone Pty Ltd who went into liquidation in April. 
Symlone Pty Ltd paid $600,000 for the property in 2007.
<img class="x_cbT-content-image x_cbT-upload-drop-target" src="https://f.datasrvr.com/f1/619/15688/Pilbara_2.JPG" alt="" width="640">
The doors closed in late March and the property is being offered with vacant possession.
Affectionately known by locals at The Troppy, the Carnarvon Tavern premises comprises a drive through bottleshop and a separate building which is currently leased to a beautician.
The Troppy is licenced for 260 people and has two bars, a number of pool tables, a DJ box, dance floor and full kitchen facilities.
The property is being sold by Ray White's Phil Zoiti and Brett Wilkins.
“It's been a long-time favourite hangout for locals and tourists alike," Zoiti said.
"It’s been a part of the Carnarvon history for many years."
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Pilbara's historic Carnarvon Tavern hits the market

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The alleged former Pilbara Ponzi scheme queen, Veronica Macpherson, has returned to establish a new property business, according to the ABC.

Despite being permanently banned from providing financial services, Ms Macpherson is behind a new cooperative enterprise which aims to develop housing for Pilbara workers.

It comes just three years after the collapse of her Macro group of Pilbara property development companies, with the creditors owed more than $285 million.

Her latest venture — the Pilbara Liveable Cities Cooperative — was approved by the WA Government last year, the ABC reported.

She has registered a distributing cooperative, meaning profits are dispensed to members.

Cooperatives are regulated by state governments and not ASIC.

Ms Macpherson told the ABC that the cooperative enterprise would help her deliver her goal of providing liveable cities in the Pilbara. 

"I am supporting a number of developments who can't raise finance," she said.

"Everyone's looking to me for a solution."

An ASIC spokesman said she was not allowed to arrange any investment in a cooperative or provide financial advice on making such an investment. 

ASIC had advised Ms Macpherson of its opinion.

<h2>Ms Macpherson's bankruptcy also prevents her from being involved with managing a cooperative under WA laws.</h2>

Ms Macpherson described it as a social enterprise, involving some people who had been involved with Macro. 

"I will be a member and a service provider — marketing and corporate advisory for the businesses and developers that we support — until such time as my bankruptcy comes to an end," she said. 

She has also suggested to Macro investors that the enterprise could help them get their money back, 'with outstanding interest following in the next twelve months," her newsletter said.

The disclosure statement outlines the membership structure of her cooperative:

<ul>
<li>"Custodians", who provide property development, management and maintenance services, as well as health and wellbeing services for FIFO workers</li>
	<li>"Pioneers", who will use these services, and "Champions", who will fund the services.</li>
	<li>"Custodians" pay $100 a share and have full voting rights, "Pioneers" will pay annual investment fees of between $120 and $12,000 for no voting rights, while "Champions" can buy a Cooperative Capital Unit, a fundraising vehicle, for $1000 and limited voting rights.</li>
</ul>
The ABC went to an Australian expert on cooperatives, Professor Tim Mazzarol of UWA Business School, who said this structure was not in keeping with the spirit of a cooperative.

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<div class="inline-content photo right">New off-the-plan developments for sale in Western Australia</div>

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Alleged former Pilbara Ponzi queen Veronica Macpherson returns

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ASIC has permanently banned Desiree Veronica Macpherson from providing financial services.
ASIC found that in relation to Ms Macpherson’s involvement with the development and promotion of the Newman Estate Project in the Pilbara region of Western Australia that Ms Macpherson had engaged in misleading and deceptive conduct, that she was not of good fame or character, that she had engaged in dishonest conduct and that she was involved in a contravention of financial services laws.
Ms Macpherson has the right to appeal to the Administrative Appeals Tribunal for a review of ASIC's decision.
ASIC’s investigation is ongoing.
Macpherson was last in the news earlier this year when she was contemplating publishing a book.
Veronica Macpherson, once the head of the collapsed Macro Realty Group, gave the a book a working title, "The Great Australian Ponzi". 
Her Pilbara property scheme fell over leaving thousands of investors owed millions in 2015. But bizarrely she suggests there could be a happy ending.
The local media indicated she would launch the book in April featuring "political backflips, errors, mismanagement of the Australian economies — suicides, nasty threats and wild accusations."
Ms Macpherson says it was a book "to get the truth known". 
Featuring the Pilbara Cities that were meant to be, she will be pedalling the line that "ASIC was their own worst enemy."
"One of my sayings is that ‘I am a big fan of the truth’ and unfortunately many people have been left wondering what the truth of the matter actually is with our Pilbara developments," she suggested.
In online material advertising the book, Ms Macpherson was using a picture of herself with Gina Rinehart, believed to have been taken at the CEO Magazine’s Australian Executive of the Year awards in late 2015.
That photograph posted alongside the book title was causing some consternation amongst Ms Hancock’s inner circle yesterday.
A spokeswoman for Mrs Rinehart confirmed to the Perthnow website that the event was the only time the two had ever met.
Mrs Rinehart had no business relationship with the would-be property developer and accused Ponzi queen.
Macpherson, in a five-page letter to “investors, affiliates and associates” sent out under a Macro Investments and Securities letterhead, also contemplated the establishment of a “Pilbara Cooperative” which she claims could provide hope to her many investors.
“The media has not bothered to showcase our past successes, but don’t worry there will be many more through this collaborative structure and great, like minded individuals,” the letter advises.
Macro Realty Developments’ former brand ambassador was former rugby champion, David Campese. 
 
 
 
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Queen of the Pilbara Veronica Macpherson cops ban from ASIC

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Veronica Macpherson, once the head of the collapsed Macro Realty Group, plans to publish a book which she has given a working title, "The Great Australian Ponzi". 
Her Pilbara property scheme fell over leaving thousands of investors owed millions in 2015. But bizarrely she suggests there could be a happy ending.
The local media says she will launch the book in April featuring "political backflips, errors, mismanagement of the Australian economies — suicides, nasty threats and wild accusations."
Ms Macpherson says it was a book "to get the truth known". 
Featuring the Pilbara Cities that were meant to be, she will be pedalling the line that "ASIC was their own worst enemy."
"One of my sayings is that ‘I am a big fan of the truth’ and unfortunately many people have been left wondering what the truth of the matter actually is with our Pilbara developments," she suggested.
"Please do pre-order a copy... it will help with the print costs and put you in a draw to receive an early addition, which you are welcome to sell to the media if you wish."
She said anyone signing up to the launch would receive an advance copy. There was also an online auction planned of the first release suggested on the <a href="https://www.trybooking.com/book/event?eid=344455" target="_blank">trybooking website</a>.
In online material advertising the book, Ms Macpherson was using a picture of herself with Gina Rinehart, believed to have been taken at the CEO Magazine’s Australian Executive of the Year awards in late 2015.
That photograph posted alongside the book title was causing some consternation amongst Ms Hancock’s inner circle yesterday.
A spokeswoman for Mrs Rinehart confirmed to the Perthnow website that the event was the only time the two had ever met.
Mrs Rinehart had no business relationship with the would-be property developer and accused Ponzi queen.
Macpherson, in a five-page letter to “investors, affiliates and associates” sent out under a Macro Investments and Securities letterhead, also contemplated the establishment of a “Pilbara Cooperative” which she claims could provide hope to her many investors.
“The media has not bothered to showcase our past successes, but don’t worry there will be many more through this collaborative structure and great, like minded individuals,” the letter advises.
Macro Realty Developments’ former brand ambassador was former rugby champion, David Campese. 
 
 
 
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Macro Group's Veronica Macpherson, Pilbara ponzi queen seeking funds to publish tell-all book

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The two brothers who rode the heights of the Pilbara property boom are facing bank foreclosure on part of their property portfolio.
Ryan and Morgan Crawford headed the estate agency that sought east coast investors during the mining boom.
They also invested with much of their own property empire now sold for a fraction of the purchase price, according to Landgate records.
Documents filed in the Supreme Court last week on a repossession application reveal the proceeds have fallen well short of what was owed.
The ANZ Bank wants to repossess one property owned by Ryan Crawford, and has demanded the balance of the outstanding debt, plus interest and costs.
In total, the local newspaper reported the brothers and former colleague Mark Pages-Oliver borrowed more than $5.5 million from ANZ in four years..
Court documents advise the borrowed money was used to buy properties in Port Hedland, South Hedland, Karratha, Roebourne and Newman between 2009 and 2013.
Property prices in Karratha and Port Hedland have fallen dramatically over the past five years.
As guarantors for Niche Residential Pty Ltd, ANZ claimed the brothers took out a $560,000 loan in 2012, which was used to buy an $800,000 three-bedroom, one-bathroom property in South Hedland.
Landgate records show that property was sold in September last year for $79,000, with the bank collecting just $49,600 at settlement.
ANZ claimed in 2013, Morgan Crawford borrowed $920,000 for a $1.25 million three-bedroom, one-bathroom house, again in South Hedland, which sold for $205,000 last year.
The bank received $149,400 at settlement, the document alleges.
Pages-Oliver and Ryan Crawford borrowed $744,000 for a three-bedroom, two-bathroom luxury apartment in Karratha’s Pelago building for $994,900 in 2011 and sold it for $400,000 in January.
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ANZ collected $373,995 from the sale, which allegedly did not cover the balance of the outstanding debt.
Properties owned by the brothers included:
<a href="https://www.realestate.com.au/sold/property-house-wa-south+hedland-122485706" target="_blank">9 Arabella Street South Hedland</a>
<img src="https://www.urban.com.au/images/2017/06/08/Screen%20Shot%202017-06-08%20at%2012.24.41%20PM.png" alt="">
<a href="https://www.realestate.com.au/sold/property-house-wa-port+hedland-123065462" target="_blank"> 177 Anderson St Port Hedland</a>
<img src="https://www.urban.com.au/images/2017/06/08/Screen%20Shot%202017-06-08%20at%2012.27.17%20PM.png" alt="">
 
<a href="https://www.realestate.com.au/property/8-roberts-st-south-hedland-wa-6722" target="_blank">8 Roberts St South Hedland</a>
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<img src="https://www.urban.com.au/images/2017/06/08/Screen%20Shot%202017-06-08%20at%2012.30.07%20PM.png" alt=""> </div>
<div class="article__footer-col" data-reactid="374"> </div>
<div class="article__footer-col" data-reactid="374">
<a href="https://www.realestate.com.au/sold/property-house-wa-south+hedland-119963981" target="_blank">12 Banksia Street South Hedland</a>
<img src="https://www.urban.com.au/images/2017/06/09/Screen%20Shot%202017-06-09%20at%2010.41.53%20AM.png" alt="">
Real Estate Institute of WA president Hayden Groves said the men may have “suffered the same as mum and dad investors” in the region.
“Those sort of market environments, such as the Pilbara, and the towns within it, they are not really for the faint hearted,” he said.
“Investors are attracted to quick returns in any environment ... but any immediate and high-return strategy comes with more risk.
“Unfortunately many investors were caught up in the desirability of having a quick and high return, and sadly many did not get out in time and suffered significant losses as a result.”
Efforts by The West newspaper to contact Ryan and Morgan Crawford and Pages-Oliver, who is believed to be living overseas, were unsuccessful.
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jonathanchancellor-7SQnKwU6yx

Pilbara's millionaire property brothers Ryan and Morgan Crawford facing ANZ repossession

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The Federal Court of Australia has permanently restrained the marketing and promotion of a proposed Pilbara property investment by Macro Realty Developments Pty Ltd (Macro) and made declarations that Macro, Property Tuition Pty Ltd (21st Century Property) and Education Holdings Pty Ltd (21st Century Education) breached various provisions of the Corporations Act by promoting and marketing the investment proposal.
The investment proposal was promoted in 21st Century publications using the tagline 'Do you know how to buy Australian property, no money down?'.
The proposed investment involved investors:
<ul>
<li>becoming a director and shareholder of a company;</li>
<li>acquiring properties from Macro through this company; and</li>
<li>receiving a director's fee but having agreed that Macro would be the sole decision maker for the company. </li>
</ul>
ASIC commenced proceedings in September 2015 against Macro, 21stCentury Property and 21st Century Education in relation to the proposed investment and had obtained interim injunctions stopping the proposal from continuing to be marketed.
His Honour Justice Beach made declarations that the marketing and promotion of the investment proposal by the companies was misleading and deceptive, and that investors had been procured into breaching director's duties.  The features of the proposal found to have been misleading or deceptive included:
<ul>
<li>that the investment proposal was essentially risk free</li>
<li>that it required no money down or capital, and;</li>
<li>that there were no fees involved.</li>
</ul>
In relation to 21st Century Property and 21st Century Education, His Honour also declared that financial product advice had been provided in circumstances where neither entity was licensed to provide advice.
ASIC Commissioner Greg Tanzer said it was another significant outcome in ASIC's ongoing campaign to promote trust and confidence amongst investors.
"We will continue to deter this type of misleading and deceptive conduct."
Macro Realty is owned and run by Veronica Macpherson, "Pilbara's largest private developer" according to its website.
Macro Realty has six projects in Port Hedland, South Hedland and Newman in the Pilbara.
In an emailed response to Fairfax Media, Mr McIntyre called the latest ASIC allegations "baseless" and blamed Macro Realty for not ensuring its advertising was compliant.
"21st Century Media does paid for advertising campaigns for advertisers. In this case Macro [Realty] was offering no money down property which is perfectly legal to do so. As a media company we are not responsible for advertisers ensuring their marketing or offer is compliant," he said.
ASIC has also issued proceedings in the Federal Court of Australia against 21st Century Property and 21st Century Education in relation to their promotion and sale of interests to investors in five land banking schemes in Victoria.
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jchancellor-FAypfDUnLy

No money down Pilbara property scheme retrained by ASIC

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 Conditions for commercial property leases in the Pilbara region are up for the industrial/warehouse section with prices increase from $152sqm to $171 per sqm.
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The Pilbara Commercial Property and Land Snapshot, released March, analysed figures from the proviso quarter and found 103 industrial/warehouse properties were advertised across the Pilbara, up from 101 in the previous quarter. 
The report also found:
<ul>
<li>
The number of retail properties advertised for lease has decreased to 21 from 28 properties last quarter. 
</li>
<li>
Average lease costs per square metre for retail properties has increased to $513 from $503 per sqm. 
</li>
<li>
The number of office properties advertised for lease is this quarter is 28. 
</li>
<li>
The advertised price of office leased space decreased this quarter from $529 to $503 per sqm
<img src="/images/2015/06/17/Screen%20Shot%202015-06-17%20at%202.46.33%20PM.png" alt="">
</li>
</ul>
</div>
</div>
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